AUDUSD negotiates the moving average – Analysis - 15-09-2017
Economies.com
2017-09-15 04:00AM UTC
The AUDUSD pair shows some bullish bias after touching the bullish trend line that appears on chart, to face intraday resistance formed by the EMA50 now at 0.8000, thus, the price needs to breach this level to ease the mission of continuing the bullish trend on the intraday and short term basis, which its next target located at 0.8115.
In general, we will continue to suggest the bullish trend for the upcoming sessions unless breaking 0.7965 level and holding below it, as breaking this level will push the price to start bearish correction for the bullish wave that started from 0.7370 areas.
Expected trading range for today is between 0.7950 support and 0.8115
Expected trend for today: Bullish
Forex and Currency News
Forex
Dollar reverses higher as markets speculate about interest rates
2024-05-06 20:54PM UTC
The dollar rose against most major rivals on Monday after stabilizing earlier in the ...
Forex
Dollar hovers near three-week trough as US yields taper off
2024-05-06 11:23AM UTC
Dollar fell in European trade on Monday against a basket of major rivals, extending losses for the ...
Forex
Euro approaches three-week high amid bullish outlook
2024-05-06 08:02AM UTC
Euro rose in European trade on Monday against a basket of major rivals, maintaining gains for the ...
Forex Technical Analysis
Forex
The GBPUSD forecast update 06-05-2024
2024-05-06 11:08AM UTC
GBPUSD Price Analysis The GBPUSD price attempts to breach the 1.2580$ level. Waiting to surpass ...
Forex
The EURUSD price forecast update - 06-05-2024
2024-05-06 11:08AM UTC
EURUSD Price Analysis The EURUSD price settles at the intraday bullish channel’s support ...
Forex
Deere price surrounded with positive pressures - Forecast today - 06-05-2024
2024-05-06 10:28AM UTC
Deere & Company’s stock (DE) extended its gains in the intraday levels, amid the ...